Columbia Floating Rate had been run by Lynn Hopton and Yvonne Stevens since its inception in 2006. Their departure at the end of March 2018 was followed by the retirement of a longtime comanager and head of the team less than a year later and the change of lead manager at the end of 2020. That supports a Morningstar Analyst Rating of Neutral across most share classes, though its expensive C share class earns a Negative rating.
Will CFRZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFRZX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CFRZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CFRZX’s parent organization’s priorities and whether they’re in line with investors’ interests.